Posted by David Alexander on March 03, 1999 at 21:59:49:
of return will you accept? I don’t think I understand your question? Do you mean what kind of Interest rate you can charge? Are you saying that you own the property free and clear, or do you have a small amount of cash in the property, etc. The house deals I do are generally Infinite returns, why because I don’t have the money to put up, it comes from other sources, even rental property picked up. The MH deals are generally in the 100%+ range. I would expect that eventually I would want to slow down and the money that I acquire won’t have to work as hard. I guess as I expect it depends on the kind of returns you expect.
If it is just interest rate were talking about, that would depend on the buyer, down payment, risk etc.